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News BriefTopicBitcoin

Bitcoin pulls back near $79,000 after 23% rally; Treasury buyback plan and ETF inflows cited

Aug 26, 2026By ClusterWire.news· AI-assisted news brief

Bitcoin has pulled back after a sharp week, with prices described as falling to about $79,000 on Wednesday after a 23% gain over seven days and trading near the $80,000 area earlier in the period [1] [2].

Unchained linked much of the recent price move to reporting that U.S. Treasury Secretary Scott Bessent could tap a roughly $1 trillion Treasury cash account to fund an expanded bond-buyback program, but also noted that the Treasury’s committed buyback plan is to raise operations to at least $4 billion per operation and that this would not begin until September [1].

CoinDesk reported that August spot Bitcoin ETF inflows climbed above $3 billion and characterized ETF demand as holding steady while bitcoin paused after gaining 23% in seven days [2].

Blockonomi reported that Binance USDC inflow topped $470 million, described as the largest positive netflow in 174 days, and also said US spot Bitcoin ETFs recorded about $1.92 billion during their strongest week in 10 months [3].

CryptoPotato said bitcoin’s rally that began a week earlier reached over $81,000 for the first time since May, and also reported that XRP fell by over 4% and ZEC dropped by more than 7% after the debut of Grayscale’s ETF [4].

Finbold reported a view that bitcoin could decline toward long-term support levels before the 2026 U.S. midterm elections based on a historical pattern it attributed to TradingShot, while also noting bitcoin had recovered above $80,000 during the past week [5].

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